Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.33% | -0.09 | 1.42% |
| Return on Equity (%) | ▼ | 13.17% | -0.96 | 14.13% |
| Net Interest Margin (%) | ▲ | 4.54% | +0.10 | 4.45% |
| Efficiency Ratio (%) | ▲ | 63.04% | -0.65 | 63.69% |
| Pre-Provision Profit ($M) | ▲ | $3 | +1.17 | $2 |
| Cost of Funds (%) | ▲ | 2.63% | -0.15 | 2.77% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $558 | +59.55 | $499 |
| Gross Loans ($M) | ▲ | $466 | +60.96 | $405 |
| Loan Growth YoY (%) | ▲ | 95.22% | +5.93 | 89.29% |
| Total Deposits ($M) | ▲ | $483 | +36.31 | $447 |
| Shareholders Equity ($M) | ▲ | $56 | +6.59 | $50 |
| Tang. Book Value ($M) | ▲ | $56 | +6.59 | $50 |
| TBV excl. AOCI ($M)** | ▲ | $58 | +6.59 | $52 |
| Loan / Deposit Ratio (%) | ▲ | 95.22% | +5.93 | 89.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.51% | -1.08 | 2.59% |
| Allowance / Loans (%) | — | 1.29% | -0.22% | 1.51% |
| Net Charge-Off Ratio (%) | ▲ | 1.69% | -1.37 | 3.06% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -11.48 | 11.48% |
Noninterest income ($2.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▃▂█▇ | Net Interest Margin (%) | 4.34% | 4.35% | 4.40% | 4.45% | 4.42% | 4.39% | 4.60% | 4.54% |
| ▃▃█▄▃▂▁▂ | Return on Assets (%) | 1.35% | 1.38% | 1.74% | 1.42% | 1.39% | 1.30% | 1.21% | 1.33% |
| ▁▁▂▅▄▆█▄ | Efficiency Ratio (%) | 59.7% | 59.7% | 61.5% | 63.7% | 62.8% | 64.7% | 67.4% | 63.0% |
| █▇▄▃▃▃▁▁ | Cost of Funds (%) | 3.25% | 3.10% | 2.89% | 2.77% | 2.74% | 2.75% | 2.56% | 2.63% |
| ▁▁▃█▇▆▅▄ | NPA / Assets (%) | 0.90% | 0.85% | 1.30% | 2.59% | 2.25% | 2.07% | 1.87% | 1.51% |
| ▁▁▃█▇▆▅▃ | Net Charge-Off Ratio (%) | 1.15% | 1.05% | 1.61% | 3.06% | 2.70% | 2.45% | 2.19% | 1.69% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $45 | $46 | $48 | $50 | $51 | $53 | $54 | $56 |
| ▁▁▃▄▅▅▇█ | Gross Loans ($M) | $358 | $371 | $387 | $405 | $414 | $422 | $448 | $466 |
| ▁▁▃▅▇▇██ | Total Deposits ($M) | $407 | $411 | $429 | $447 | $466 | $469 | $485 | $483 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 25% |
| Consumer | 5% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 12% |